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Side-by-side financial comparison of NN INC (NNBR) and RLI CORP (RLI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

RLI CORP is the larger business by last-quarter revenue ($465.7M vs $104.7M, roughly 4.4× NN INC). RLI CORP runs the higher net margin — -12.0% vs 19.6%, a 31.6% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs -1.7%). RLI CORP produced more free cash flow last quarter ($155.0M vs $-3.3M). Over the past eight quarters, RLI CORP's revenue compounded faster (2.3% CAGR vs -7.0%).

NN Group N.V. is the parent company of NN Investment Partners and Nationale-Nederlanden. Nationale-Nederlanden is one of the largest insurance and asset management companies in the Netherlands. NN Group is headquartered in The Hague, its office in Rotterdam is located in the skyscraper Gebouw Delftse Poort, which was the tallest skyscraper in the Netherlands until 2009. Aside from these two offices, the company has an office in Ede but no other main offices in the Netherlands, instead NN main...

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

NNBR vs RLI — Head-to-Head

Bigger by revenue
RLI
RLI
4.4× larger
RLI
$465.7M
$104.7M
NNBR
Growing faster (revenue YoY)
RLI
RLI
+7.7% gap
RLI
6.1%
-1.7%
NNBR
Higher net margin
RLI
RLI
31.6% more per $
RLI
19.6%
-12.0%
NNBR
More free cash flow
RLI
RLI
$158.3M more FCF
RLI
$155.0M
$-3.3M
NNBR
Faster 2-yr revenue CAGR
RLI
RLI
Annualised
RLI
2.3%
-7.0%
NNBR

Income Statement — Q4 2025 vs Q4 2025

Metric
NNBR
NNBR
RLI
RLI
Revenue
$104.7M
$465.7M
Net Profit
$-12.5M
$91.2M
Gross Margin
Operating Margin
-9.9%
24.4%
Net Margin
-12.0%
19.6%
Revenue YoY
-1.7%
6.1%
Net Profit YoY
40.2%
123.1%
EPS (diluted)
$-0.35
$1.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
NNBR
NNBR
RLI
RLI
Q4 25
$104.7M
$465.7M
Q3 25
$103.9M
$509.3M
Q2 25
$107.9M
$499.8M
Q1 25
$105.7M
$407.7M
Q4 24
$106.5M
$439.1M
Q3 24
$113.6M
$470.0M
Q2 24
$123.0M
$416.4M
Q1 24
$121.2M
$444.8M
Net Profit
NNBR
NNBR
RLI
RLI
Q4 25
$-12.5M
$91.2M
Q3 25
$-6.7M
$124.6M
Q2 25
$-8.1M
$124.3M
Q1 25
$-6.7M
$63.2M
Q4 24
$-21.0M
$40.9M
Q3 24
$-2.6M
$95.0M
Q2 24
$-2.2M
$82.0M
Q1 24
$-12.5M
$127.9M
Operating Margin
NNBR
NNBR
RLI
RLI
Q4 25
-9.9%
24.4%
Q3 25
-2.2%
30.9%
Q2 25
-1.4%
31.3%
Q1 25
-4.5%
19.3%
Q4 24
-15.8%
10.8%
Q3 24
-3.3%
24.9%
Q2 24
-1.7%
24.8%
Q1 24
-3.9%
36.0%
Net Margin
NNBR
NNBR
RLI
RLI
Q4 25
-12.0%
19.6%
Q3 25
-6.4%
24.5%
Q2 25
-7.5%
24.9%
Q1 25
-6.3%
15.5%
Q4 24
-19.7%
9.3%
Q3 24
-2.3%
20.2%
Q2 24
-1.8%
19.7%
Q1 24
-10.3%
28.8%
EPS (diluted)
NNBR
NNBR
RLI
RLI
Q4 25
$-0.35
$1.00
Q3 25
$-0.23
$1.35
Q2 25
$-0.26
$1.34
Q1 25
$-0.23
$0.68
Q4 24
$-0.52
$-2.87
Q3 24
$-0.13
$2.06
Q2 24
$-0.12
$1.78
Q1 24
$-0.34
$2.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
NNBR
NNBR
RLI
RLI
Cash + ST InvestmentsLiquidity on hand
$11.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$34.0M
$1.8B
Total Assets
$440.8M
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
NNBR
NNBR
RLI
RLI
Q4 25
$11.4M
Q3 25
$12.2M
Q2 25
$9.5M
Q1 25
$11.7M
Q4 24
$18.1M
Q3 24
$12.4M
Q2 24
$13.7M
Q1 24
$20.6M
Total Debt
NNBR
NNBR
RLI
RLI
Q4 25
Q3 25
$100.0M
Q2 25
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$100.0M
Q1 24
$100.0M
Stockholders' Equity
NNBR
NNBR
RLI
RLI
Q4 25
$34.0M
$1.8B
Q3 25
$49.6M
$1.9B
Q2 25
$59.5M
$1.7B
Q1 25
$67.3M
$1.6B
Q4 24
$74.5M
$1.5B
Q3 24
$106.6M
$1.7B
Q2 24
$108.4M
$1.6B
Q1 24
$116.1M
$1.5B
Total Assets
NNBR
NNBR
RLI
RLI
Q4 25
$440.8M
$6.2B
Q3 25
$451.0M
$6.2B
Q2 25
$460.8M
$6.0B
Q1 25
$460.7M
$5.7B
Q4 24
$456.9M
$5.6B
Q3 24
$483.1M
$5.8B
Q2 24
$497.2M
$5.5B
Q1 24
$512.8M
$5.3B
Debt / Equity
NNBR
NNBR
RLI
RLI
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
NNBR
NNBR
RLI
RLI
Operating Cash FlowLast quarter
$-1.5M
$156.8M
Free Cash FlowOCF − Capex
$-3.3M
$155.0M
FCF MarginFCF / Revenue
-3.2%
33.3%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
1.8%
0.4%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-7.2M
$608.7M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
NNBR
NNBR
RLI
RLI
Q4 25
$-1.5M
$156.8M
Q3 25
$11.2M
$179.2M
Q2 25
$-696.0K
$174.7M
Q1 25
$-3.3M
$103.5M
Q4 24
$6.7M
$128.1M
Q3 24
$5.0M
$219.4M
Q2 24
$-1.3M
$141.8M
Q1 24
$712.0K
$70.9M
Free Cash Flow
NNBR
NNBR
RLI
RLI
Q4 25
$-3.3M
$155.0M
Q3 25
$7.7M
$177.8M
Q2 25
$-4.4M
$173.4M
Q1 25
$-7.3M
$102.5M
Q4 24
$3.7M
$127.6M
Q3 24
$-1.3M
$219.0M
Q2 24
$-4.9M
$139.1M
Q1 24
$-4.7M
$69.9M
FCF Margin
NNBR
NNBR
RLI
RLI
Q4 25
-3.2%
33.3%
Q3 25
7.4%
34.9%
Q2 25
-4.1%
34.7%
Q1 25
-6.9%
25.1%
Q4 24
3.5%
29.0%
Q3 24
-1.2%
46.6%
Q2 24
-4.0%
33.4%
Q1 24
-3.9%
15.7%
Capex Intensity
NNBR
NNBR
RLI
RLI
Q4 25
1.8%
0.4%
Q3 25
3.3%
0.3%
Q2 25
3.4%
0.3%
Q1 25
3.7%
0.3%
Q4 24
2.8%
0.1%
Q3 24
5.5%
0.1%
Q2 24
2.9%
0.7%
Q1 24
4.5%
0.2%
Cash Conversion
NNBR
NNBR
RLI
RLI
Q4 25
1.72×
Q3 25
1.44×
Q2 25
1.41×
Q1 25
1.64×
Q4 24
3.13×
Q3 24
2.31×
Q2 24
1.73×
Q1 24
0.55×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

NNBR
NNBR

Automotive$53.1M51%
Power Solutions$45.5M43%
Other End Market$4.7M4%

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

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